How much cash do you need

[specuvestor]

^^ yes they say money is the lubricant of the economy; but I realise trust is the lubricant of getting things done

[Big Toe]

Money is the means to an end. If you have already gotten what you want in your life, then there is little need for a whole lot of money.

I am pretty much in a whole lot of debt but manageable debt, at least I hope it is manageable. But still i don't think too much about how to make the most money(it is pointless, because I will most likely end up unhappy and having no control of my time), I think about how I am going to spend my time productively and enjoying the ride, appreciating the small things, going for a walk/cycle along east coast when weather is good. Things that do not cost too much and can make myself happier, more healthy.

I gave up my beat up car(which was previously funded mostly by my ex companies) and is now driving a beat up van(damn, the repairs on these rust buckets can cost a bomb). I figured it would be more useful as I need to move things around and I can extract the economical value out of it instead of paying through my nose for a new car. Cars are expensive and for the average income earner, the percentage of salary taken to pay it off is very significant. Cars are off my list unless I can be the top 5-7% income earners in sg, which I dont think I ever will be or is my goal to be one.

[Hill]

Bro big toe

I like your life style. I also living simple, debt free but kind of of at loss lately as my project also slow to a halt. But my friends around me are still doing extremely well. Need to get another car cos car got to scrape in 5 months. Feeling lots of anxiety lately... Losing weight too...

[Big Toe]

Bro big toe

I like your life style.  I also living simple, debt free but kind of of at loss lately as my project also slow to a halt.  But my friends around me are still doing extremely well. Need to get another car cos car got to scrape in 5 months. Feeling lots of anxiety lately... Losing weight too...

I dont want to sound like a guru but how well your friends do has got nothing to do with you. If you have done what you think is right, things will eventually work themselves out, go do something you enjoy, dont get too stressed out about it.

Previously I had almost no money, no job, etc, but I had the will to figure something out without having to work full time in an MNC(ok, so I did not want to get a full time job again), the qualifications were totally useless, the knowledge and experience were useful and I choose to start from the bottom all over again. So that made me realize that once we were at the bottom before, it is not half as bad and there is little to fear. Now I am not at the bottom but the fear is gone and I quite satisfied with my life right now even though I am not earning much, and at times in deficit.

[Hill]

Bro Big Toe

I always look forward to you posting as they are direct and down to earth, most of all, sincere opinions many threads.

Yes, you are right to say that when my friends are doing well has got nothing to do with me. I wish them well too. I just that inside me just envy them only la.

[chialc88]

I agrees with Warren Buffett (starts at 1m40s):



Don't Sleepwalk thru life.

Love Compassion

[GPD]

0- 6 years old - $0
7-12 years old - $2 per day
13-18 years old - $5 per day
19-20 years old - $0 per day except weekend $20 per day
21-24 years old - $10 per day
25-30 years old - never think
30-35 years old - $1500 per month
36-60 years old - $2500 per month
60-65 years old - $10 per day
66-................ - $2-5 per day
..................... - $0

[soros]

Asking a 66 years old to exist on $2 per day is impossible. Its only able to buy 2 cups of tea per day at a hawker stall.

Can anyone live on 2 tea bags a day ?

[Big Toe]

Money aside, i think companionship and finding worthwhile things to do is just as important.
The kids move out, and there maybe a stage where a person will be all alone at home, whether with or without money.
It's actually a very good thing not to retire if you enjoy what you are doing(or at least dont hate it) and is contributing meaningfully to the society or the economy.

To completely stop working and retire can be quite daunting. Imagine all your life you have worked 9-5, then you hit a certain age, the very next day everything stops. Your routine of >40yrs comes to a grinding halt, suddenly you have so much time in your hands.

[specuvestor]

And suddenly you face your spouse full time as well. Absence makes the heart fonder

Ive no intention to retire cause ive seen too many folks degenerate after "retiring".